Fund Update | September 2017
Domestic small-cap equities performed well in the September quarter with commodity price increases driving a sharp rise in the S&P/ASX Small Resources Accumulation Index (+12.8%) and underpinning a solid increase in the broader S&P/ASX Small Ordinaries Accumulation Index (+4.4%). The OC Premium Small Companies Fund finished the quarter up 3.7%, which was behind the S&P/ASX Small Ordinaries Accumulation Index but ahead of the S&P/ASX Small Industrials Accumulation Index which finished the quarter up 2.5%.
Record number of company meetings
The quarter saw the investment team meet with a record number of companies, many in a one-on-one format with the Managing Director and/or the Chief Financial Officer of the business. The insights gleaned from these meetings are invaluable not only in helping us sharpen our financial models and valuations, but also in gaining an in-depth understanding of the strategic direction of these businesses and the operational challenges or risks that may be on the horizon.
View September 2017 reports